Tariff Value of Gold and Silver increased
THE Government has increased the Tariff value of Gold from 388 USD to 396 USD per 10 gms. The tariff value of Silver is also increased from 540 USD to 561 USD per kilogram.
Apart from the above, Tariff values of all oils have been brought down except Crude Soyabean Oil. Brass Scrap and Poppy seeds have no change and Areca nuts are in for a reduction.
The Tariff values as on 28.11.2014 and with effect from 15.12.2014 are as under:
Table 1 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tonne) | Tariff value USD (Per Metric Tonne) |
|---|---|---|---|---|
(1) | (2) | (3) | (5) | (6) |
1 | 1511 10 00 | Crude Palm Oil | 710 | 699 |
2 | 1511 90 10 | RBD Palm Oil | 740 | 723 |
3 | 1511 90 90 | Others - Palm Oil | 725 | 711 |
4 | 1511 10 00 | Crude Palmolein | 747 | 731 |
5 | 1511 90 20 | RBDPalmolein | 750 | 734 |
6 | 1511 90 90 | Others -Palmolein | 749 | 733 |
7 | 1507 10 00 | Crude Soyabean Oil | 836 | 849 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3749 | 3749 |
9 | 1207 91 00 | Poppy seeds | 3747 | 3747 |
Table 2 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD | Tariff value USD |
1 | 71 or 98 | Gold, in any form in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed. | 388 per 10 grams | 396 per 10 grams |
2 | 71 or 98 | Silver, in any form in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed. | 540 per kilogram | 561 per kilogram |
Table 3 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tons) | Tariff value USD (Per Metric Tons) |
1 | 080280 | Areca nuts | 2239 | 2183 |
Notification No. , Dated: December 15, 2014